In the years leading up to the crisis, super-abundant savings from fast-growing emerging nations such as China and oil exporters ... put downward pressure on yields and risk spread everywhereDisagreement over root of credit crisis Jan 16, 2009
While the purpose of (the TARP) and the enabling legislation is to stabilize our financial sector, the authority allows us to take this actionWhite House bails out GM, Chrysler Dec 19, 2008
The autos will get the money as quickly as we can prudently do itAid to autos 'very close' White House says Dec 18, 2008
We expect banks to increase their lending as a result of these effortsBailout to get first official critique Dec 02, 2008
By providing liquidity to issuers of consumer asset backed paper, the Federal Reserve facility will enable a broad range of institutions to step up their lendingFed to ease consumer credit Nov 25, 2008
Henry Merritt "Hank" Paulson, Jr. (born March 28, 1946) is an American banker who served as the 74th United States Secretary of the Treasury. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs.
Paulson was born in Palm Beach, Florida, to Marianna (née Gallauer) and Henry Merritt Paulson, a wholesale jeweler. He was raised in Barrington Hills, Illinois, as a Christian Scientist. Paulson attained the rank of Eagle Scout in the Boy Scouts of America.
A star athlete at Barrington High School, Paulson was a champion wrestler and stand-out football player, graduating in 1964. Paulson received his A.B. in English from Dartmouth College in 1968; at Dartmouth he was a member of Phi Beta Kappa and Sigma Alpha Epsilon and he was an All-Ivy, All-East, and honorable mention All American as an offensive lineman.